How Quickly Can You Save Your Down Payment

How Quickly Can You Save Your Down Payment

Image title


Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

Using data from HUD, Census and Apartment List, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.

Read more here...


Lance Whipple PA Headshot
Author:
Phone: 407-494-6030
Dated: April 29th 2019
Views: 136
About Lance: Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

The 1 Reason It Is Difficult To Find Your Dream Home - The #1 Reason It Is Difficult to
Four Tips For Selling Your Central Florida Home In A Hurry - Four Tips for Selling Your Central
A REAL STEAL BALMORAL RESORT TOWNHOME IN THE DISNEY AREA FLORIDA -   Resort Style Living
Choosing Your First Home - Can I Afford the House I want?One

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL
863-292-6217
321-445-5568